Possible red flag on deal, please read.

[Cambo]

Banks can easily help a person through a wire transfer. “I don’t know how” is not a valid reason. I suspect scam.

[vitalsigns]

Originally Posted by sdgadave

My bank would not accept the cashiers check. The manager contacted their BSA Officer and they both contacted the issuing bank and could not verify it. The branch manager explained to me the routing numbers on the cashiers check are not from the issuing bank.

From this alone, I'd conclude it's 99.999% likely a scam.

[WatchGuy1966]

Don't accept the cashier's check - the buyer can issue a stop payment.

[tike71]

Too many red flags, first one being the buyer not comfortable sending a wire but is comfortable sending a cashier's check. Legitimate cashier's checks are drawn directly from the issuing bank and not a checking account. It is funded by the client when the bank issues the check, not when it's cashed. Therefore it isn't less risky than sending a wire and more likely the buyer attempting a fake check scam.

[Pop Art Suzy]

The fact that this guy is an adult and claims he doesn't "know how" to do a wire transfer in this day and age? That right there is suspicious. Like someone else mentioned, he supposedly went to the bank and got a cashiers check, but can't inquire on how to do a wire transfer? Weird. Send the check back and walk away. Thankfully you still have the watch.

[shammad10]

I find it nuts that in America you still use cheques?!

I haven't used my chequebook for about 15 years. We do everything via bank transfers, its so easy and can be done in minutes via your phone.

[rolexwc]

Wire transfers or nothing

[Calatrava r]

Originally Posted by sdgadave

My bank would not accept the cashiers check. The manager contacted their BSA Officer and they both contacted the issuing bank and could not verify it. The branch manager explained to me the routing numbers on the cashiers check are not from the issuing bank.


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That clears it up. You could not deposit the check. Send the check back and cancel the deal.

[Calatrava r]

No bank I have ever dealt with would allow me to stop payment on a bank or cashier's check. They are the same as cash, unless they are fraudulent.

[Kreyzhorse]

Originally Posted by KatGirl

Just tell him you could not verify the funds, and send the check back.

Kat


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This.

[peshehodetz]

It's a scam, they try to do to me when selling my car.

[saltyandwet]

Originally Posted by Calatrava r

No bank I have ever dealt with would allow me to stop payment on a bank or cashier's check. They are the same as cash, unless they are fraudulent.

What if you legitimately need to stop/cancel a cashier check, say someone stole it from you or robbed you of it? Or you simply just lost the cashier check? Is your bank pretty much saying "too f'ing bad"? I don't think so.

[Andad]

Originally Posted by Calatrava r

No bank I have ever dealt with would allow me to stop payment on a bank or cashier's check. They are the same as cash, unless they are fraudulent.

?

You got it.

[SS Oyster]

Did you look up the buyer on TRF’s who’s who page? How many posts does he have? How long on TRF?


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[sdgadave]

He’s is a member since 12/23/22 has 0 posts and was active 2 hours and. Has 0 followers and 0 following


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[kidcurtis]

Originally Posted by sdgadave

Yes, I agree the deal is done. My last question is what should I do regarding the buyer?

I am replying here because I AM the one trying to buy the watch from David.
I sent a cashier's check from bank just like I have done when purchasing gold/silver and other collectibles from other deals.

I don't know what the his bank has said, but I told David to cash the check and hold the watch as long as he needed until the check cleared.

I understand this is my fault for being old school and using checks, but it is what I am used to.

I wish David would have contacted me and told me his concerns so I could work to resolve them to his satisfaction.

I work in public safety and put in long hours to try and buy the few watches I have. In my talk with David over the phone he seemed a very genuine person, so I am regretful it has turned out this way. I understand now to send wire only, without question.

[watchwatcher]

Originally Posted by sdgadave

Yes, I agree the deal is done. My last question is what should I do regarding the buyer?

Name him. On this thread and the Who's Who sub-forum.

He sounds like a scammer, but on the slim chance he's not, he can explain himself.

Or...report him to our excellent mods, who then will do what they do best.

[kidcurtis]

Originally Posted by watchwatcher

Name him. On this thread and the Who's Who sub-forum.

He sounds like a scammer, but on the slim chance he's not, he can explain himself.

Or...report him to our excellent mods, who then will do what they do best.

I AM the buyer who tried to purchase David’s watch. My reply is posted herein. It is my fault I suppose for being old school and using checks, however I always use cashier checks for my gold/silver and other collectibles and have done for over 20yrs. I’ve never done a Wire didn’t understand the process. I told David, “please feel free to hold the watch until it clears and you’re comfortable with the sale.” -he can not deny this.

I don’t know what David’s bank has said or actually did, but if David had only contacted me with his concerns I would have be more than happy to figure out a proper resolution with a wire, even if it meant letting David tell my banker over the phone how to do it.

Now, I’m at a loss of money, because the cash check is certified, therefore I can not get MY money back without having David return the check to me. Which I am hopeful he will.

I am a life-long public service/safety employee and hate scammers as bad as you do. However, I am not one. I just wish David would have reached out and told me his concerns. Unfortunately now, I can only only hope David will return the check so I may refund it to my account; and I don’t get to buy a watch for one of my boys. And I apologize to David for any inconvenience. I am ready to pay all postage on the return of the check.

[Calatrava r]

Originally Posted by saltyandwet

What if you legitimately need to stop/cancel a cashier check, say someone stole it from you or robbed you of it? Or you simply just lost the cashier check? Is your bank pretty much saying "too f'ing bad"? I don't think so.

To do it. I was required me to obtain a bond for the full amount of the check to be posted in favor of the bank. The check is drawn on the full faith and credit of the issuing bank, not an individual. What is the point of a cashier's check if anyone can just stop payment on it. I can always tell the bank it was lost or stolen just to get it stopped when all I really want is to just walk away from a deal. The bank doesn't know. It is just as final as wiring funds and should be.

In the US, with all the national banks with branches everywhere, the best way to do a transaction now is just get the purchaser to send their personal check drawn on a bank with a branch in your area. Upon receipt, just go to that bank and exchange their personal check for a bank cheque. Same as cashing it for currency. If it won't cash deal went sour.

[kidcurtis]

See Post #46.

[jeffgo888]

This is a non brainer
If you CANNOT cash or clear a check provided to you , do Not go through with the sale
Cancel the sale as all the experienced members here advised you and move on to next buyer.


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[Number3]

Guys, buyer has responded - see post 46.

[Law52]

Originally Posted by kidcurtis

I am replying here because I AM the one trying to buy the watch from David.
I sent a cashier's check from bank just like I have done when purchasing gold/silver and other collectibles from other deals.

I don't know what the his bank has said, but I told David to cash the check and hold the watch as long as he needed until the check cleared.

I understand this is my fault for being old school and using checks, but it is what I am used to.

I wish David would have contacted me and told me his concerns so I could work to resolve them to his satisfaction.

I work in public safety and put in long hours to try and buy the few watches I have. In my talk with David over the phone he seemed a very genuine person, so I am regretful it has turned out this way. I understand now to send wire only, without question.

Now this is getting interesting. The supposed buyer popped up and defending himself, and yes I do understand how confusing it can be to deal with others in this industry of luxury watches. Being a 5th generation Texan I’ve seen the days where a man’s handshake and word was good enough. My Dad and uncle were ranchers and I witness many handshake deals in regards to cattle, horses and other items.
If the check is good, then one has to wonder what is going on with the banks and supposedly it not being so.
You have to be very careful both as a seller and a buyer. Many who I’ve sold watches to face to face have stated they don’t feel comfortable doing business over the internet. I can fully understand for I’ve made purchases from reputable dealers and there’s been problems.
Best of luck securing yourself a Batman.
PS It’s my number 1 wearing watch in my current collection.

[kidcurtis]

Originally Posted by Number3

Guys, buyer has responded - see post 46.

I contacted my exact teller & banker this morning; they have not received any inquiries about the cashier check. Not saying David’s bank didn’t call, but it is not known who they talked with. Bank of Texas is a subsidiary of BOK, which may be some confusion.

Unfortunately, as posted here by other members my money is gone until David returns the check so I can refund it to my account. I would be more than happy to get the bank to assist with a wire and complete the purchase. At this point I’m just hopeful David will return the check so I don’t loose my money. I’m not rich by a long shot.

I’ve provided David with my phone numbers, work references, and can even provide the AD as reference from which I purchased one watch earlier this year.

[kidcurtis]

Originally Posted by Law52

Now this is getting interesting. The supposed buyer popped up and defending himself, and yes I do understand how confusing it can be to deal with others in this industry of luxury watches. Being a 5th generation Texan I’ve seen the days where a man’s handshake and word was good enough. My Dad and uncle were ranchers and I witness many handshake deals in regards to cattle, horses and other items.
If the check is good, then one has to wonder what is going on with the banks and supposedly it not being so.
You have to be very careful both as a seller and a buyer. Many who I’ve sold watches to face to face have stated they don’t feel comfortable doing business over the internet. I can fully understand for I’ve made purchases from reputable dealers and there’s been problems.
Best of luck securing yourself a Batman.
PS It’s my number 1 wearing watch in my current collection.

You now understand EXACLTY where I come from. I’ve sent these same checks for load of cattle and a show goat for my oldest son.

I’m more than happy to do whatever is needed, but my bank says I’m stuck until the check is returned.

[htff]

A lot of scammers or potential scamming activities... just be wary and careful...

[Calatrava r]

Originally Posted by kidcurtis

I am replying here because I AM the one trying to buy the watch from David.
I sent a cashier's check from bank just like I have done when purchasing gold/silver and other collectibles from other deals.

I don't know what the his bank has said, but I told David to cash the check and hold the watch as long as he needed until the check cleared.

I understand this is my fault for being old school and using checks, but it is what I am used to.

I wish David would have contacted me and told me his concerns so I could work to resolve them to his satisfaction.

I work in public safety and put in long hours to try and buy the few watches I have. In my talk with David over the phone he seemed a very genuine person, so I am regretful it has turned out this way. I understand now to send wire only, without question.

Thanks for chiming in Guy. Hopefully, the sale works out fine and you will have your watch. Thanks for your service.

[jb335]

Originally Posted by kidcurtis

I am replying here because I AM the one trying to buy the watch from David.
I sent a cashier's check from bank just like I have done when purchasing gold/silver and other collectibles from other deals.

I don't know what the his bank has said, but I told David to cash the check and hold the watch as long as he needed until the check cleared.

I understand this is my fault for being old school and using checks, but it is what I am used to.

I wish David would have contacted me and told me his concerns so I could work to resolve them to his satisfaction.

I work in public safety and put in long hours to try and buy the few watches I have. In my talk with David over the phone he seemed a very genuine person, so I am regretful it has turned out this way. I understand now to send wire only, without question.

Potential buyer seems genuine.

OP, I’m still confused by what you wrote that your bank wouldn’t “verify” the cashiers check. What does that mean? Because you don’t say they wouldn’t cash it.

Hoping this gets resolved.


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[kidcurtis]

I talked to my bank this morning, the actual teller and Banker; they haven’t received any inquiries about the cashier check; not saying David’s bank didn’t call, but no idea who they may have talked with.

I asked David if it was ok to send a check and he said it was fine,
I told David he could hold the watch until the check clears.

And as stated by other folks, the bank also tells me I’m just out the money until David returns the check…

If David will return the check so I can refund it to my account, the bank said they can then send him a wire.

I have provided David with my work references, employer, and could also provide the AD I bought my only watch from and in that transaction I paid cash.

At this point I am just hoping David will communicate with me and return the check so I can get my money back. I wish he had just said from the beginning that he did not want a cashier check.

[KatGirl]

Originally Posted by jb335

Potential buyer seems genuine.

OP, I’m still confused by what you wrote that your bank wouldn’t “verify” the cashiers check. What does that mean? Because you don’t say they wouldn’t cash it.

Hoping this gets resolved.


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Potential buyer has 5 total posts! Just send the check back. He can cash it, if legit. Then he can wire funds, if he is for real.
Years ago, I had someone send me a “cashier’s check”, that my bank would not cash. Thankfully, like you, I had not sent the watch yet.

Kat


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